Derivatives give Euronext revenue boost

Strong derivatives trading revenue propped up Euronext in
the second quarter of 2003, contributing €79.1m in
revenue, up 14% on the same period last year.

Euronext as a whole saw only 6% year-on-year growth, pulling
in €265.3m in the second quarter this year. The exchange
reported that revenue from listing fees, continued to suffer
from "depressed market conditions", revenues falling by 8.1% to
€8.9m. Clearing revenues dropped by 6.1% to €46.3.
Euronext said that this fall was because of the development of
continental equity options activity and lower value per cash
trade.